Its net profit stood at Rs 234.07 crore in the year-ago period, according to a regulatory filing
Baba Ramdev's Patanjali Ayurved-led Ruchi Soya has recently raised Rs 4,300 crore through its follow-on public offer, and the part of the proceeds has been utilised to repay the debt.
Ruchi Soya recently came out with its FPO issue of Rs4,300 crore. ONGC too came out with its OFS. What do these terms mean and should you be concerned about their effect on a company’s earning per share (EPS)?
Last month, Patanjali Ayurved Ltd sold its food retail business to group firm Ruchi Soya Industries Ltd for Rs 690 crore as part of its strategy to focus on non-food, traditional medicine and wellness business
The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow on Public Offer (FPO) which had also come under regulatory lens for certain issues.
In a rare move, Sebi, on March 28, had asked bankers of Baba Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its FPO to withdraw their bids
The company's total income rose to Rs 6,676.19 crore in the fourth quarter from Rs 4,859.5 crore in the corresponding period of the preceding fiscal
The board was scheduled to meet today, however, the FPO bids withdrawal process has led to a delay
Sebi directs Ruchi Soya to offer a bid withdrawal option to FPO investors after finding unsolicited SMS in circulation; Ruchi Soya issues clarification, says...
The development assumes significance as the share sale was already oversubscribed 3.6 times and withdrawal of bids can have a bearing on the final numbers.
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